ULBC TRUST LIMITED
Supporting rowing in the University of London. Funding the University of London Boat Club (ULBC) and running the University boathouse for the benefit of ULBC, the rowing clubs of the colleges and member institutions affiliated to the University, and two youth rowing charities.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £60,173 for the year, resulting in a reduction of total funds from £853,021 to £792,848. The trustees note that the current level of reserves exceeds current requirements for cash and contingency, although they plan to continue increased expenditure which will lead to further reductions in reserves. The charity remains fully solvent and is prepared on a going concern basis.
What the accounts disclose
“This overall level of reserves exceeds the Trust’s current requirements for cash and contingency reserves.”
Property (HM Land Registry)
Trustees
- Claire Rimmer
- Dr GORDON ELLIOTT
- GILES MONNICKENDAM
- HUMPHRY HATTON
- JOHN MORRIS KINNEAR
- Stuart Pearce
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £219k | £281k |
| 30/09/2024 | £232k | £231k |
| 30/09/2023 | £188k | £238k |
| 30/09/2022 | £492k | £134k |
| 30/09/2021 | £137k | £97k |
Common questions
Is ULBC TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure deficit of £60,173 for the year, resulting in a reduction of total funds from £853,021 to £792,848. The trustees note that the current level of reserves exceeds current requirements for cash and contingency, although they plan to continue increased expenditure which will lead to further reductions in reserves. The charity remains fully solvent and is prepared on a going concern basis. Its FY2025 accounts were independently examined.
Who funds ULBC TRUST LIMITED?
Funders whose own accounts filings name ULBC TRUST LIMITED as a grant recipient include ULBC TRUST LIMITED.
Shared trustees with funders
- Claire Rimmer — trustee here and at ULBC TRUST LIMITED
- Dr GORDON ELLIOTT — trustee here and at ULBC TRUST LIMITED
- GILES MONNICKENDAM — trustee here and at ULBC TRUST LIMITED
- HUMPHRY HATTON — trustee here and at ULBC TRUST LIMITED
- JOHN MORRIS KINNEAR — trustee here and at ULBC TRUST LIMITED
- Stuart Pearce — trustee here and at ULBC TRUST LIMITED
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| ULBC TRUST LIMITED | FY2025 | £215k | Support for ULBC rowing programme (coaching staff, running costs, spares and repairs) |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FISHMONGERS' COMPANY'S CHARITABLE TRUST | 2 | £77k |
| THE DYERS' COMPANY CHARITABLE TRUST | 2 | £14k |
| JOHN LYON'S CHARITY | 1 | £255k |
| TEAM FORCES FOUNDATION | 1 | £100k |
| E B M CHARITABLE TRUST | 1 | £70k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £58k |
| THE TRIANGLE TRUST 1949 FUND | 1 | £30k |
| THE ANGLO-AMERICAN CHARITY LIMITED | 1 | £26k |
Charities like this
- THE CUBC ROWING CHARITABLE FUND
- BRITISH ROWING CHARITABLE FOUNDATION
- CHISWICK ROWING TRUST
- ULI CHARITABLE TRUST
- FULHAM REACH BOAT CLUB
- THE ULYSSES TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ULBC TRUST LIMITED | £219k | — | 0 | above | — | no doubt |
| THE CUBC ROWING CHARITABLE FUND | £690k | — | 0 | unclear | — | no doubt |
| BRITISH ROWING CHARITABLE FOUNDATION | £235k | — | 0 | below | — | no doubt |
| CHISWICK ROWING TRUST | £109k | — | 0 | unclear | — | no doubt |
| ULI CHARITABLE TRUST | £452k | — | 0 | above | — | no doubt |
| FULHAM REACH BOAT CLUB | £1.3m | — | — | below | — | no doubt |